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Minyu2Fx

Tuesday, December 25, 2007

Technical Analysis



The pair doesn't show much movement today. The pair move sideways inside the 89 EMAs. The trendline support still hold shown in the chart above. I expect a bullish move next. 200 EMA (red line) and trendline resistance are in the 50% area (226.94). Now could be the right time to enter long position. However, break below the channel could bring 23.6% (225.15).

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